click to show more information

click to hide/show information About your Search

20130318
20130326
Search Results 0 to 1 of about 2
there was a feeling of jubilation, a sense of rebirth. pope paul v, in the year of our lord 1612, has brought water 35 miles from the healthiest springs in bracciano through new and restored aqueducts. what better way to sigl the revival of the ancient grandeur of rome than to restore its renowned system for bringing water from distant mountains to the city streets? pope paul's new water supply, the acqua paola, or paul's water as it was called, was soon rushing into the daylight from fountains all around the city. the finest of these fountains was designed by sculptor and architect, gian lorenzo bernini. it was built in the piazza navona which stood on foundations of an ancient stadium, a material expression of the idea of eternal rome. the city had survived 100 years of political and religious turmoil, of war and destruction. despite invasions of european monarchs who'd attempted to conquer the city on the pretext of defending it, it had preserved its independence. most important, the catholic church had survived the rise of protestantism and its challenge to rome's authority. it was an extraordinar
floodgates to fight rising unemployment. why was he holding back? four years later, chairman paul volcker set the fed on a course that would lead to the worst recession since the great depression. what could have been worth such a terrible price? on october 20, 1987, the heartbeat of the financial world nearly fluttered out. what could new fed chairman alan greenspan do to revive the patient? during the 1970s and '80s, the federal reserve adopted long-term policies to halt inflation and ease unemployment. but what would the fed do in an economic emergency? monetary policy -- how well does it work? that's the question economic analyst richard gill and i will investigate on this edition of "economics usa." i'm david schoumacher. the federal reserve board is responsible for deciding how much money the economy needs to grow. in the early 1970s, the fed held to a policy of using the money supply to try to keep the economy on course. in times of inflation, the fed tightened the money supply to squeeze excess dollars out of the economy. in times of recession, it increased the money supply to stimula
Search Results 0 to 1 of about 2